Was Denver ex-SEC lawyer in bed with the 'enemy'? After leaving the agency, he's indicted for allegedly improper business contacts
Article Abstract:
Former SEC lawyer James W. Nearen, Jr., has been indicted for allegedly operating a fraud scheme involving stocks issued under SEC Regulation S. The indictment states that Nearen investigated fraud at Comprehensive Environmental Systems, Inc, (CESI) while employed by the SEC and shortly after leaving the agency, was hired by CESI to help conceal its fraudulent dealings. SEC rules bar former employees from working with anyone investigated while an employee of the agency before 2 years since SEC employment have elapsed.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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Free speech or public agency efficiencies: Waters v. Churchill recasts the arbitrable issue
Article Abstract:
The 1994 Supreme Court decision in Waters v. Churchill favored a public employer's right to efficiently run its business over an employee's right to speak out on public issues. The case involved a nurse who was fired for criticizing a hospital's policies. The decision changed the approach to employee termination due to speech from a just-cause principle to a principle of employer reasonableness. Arbitrators must consider this new line of reasoning in cases dealing with employee termination for reasons of speech.
Publication Name: Dispute Resolution Journal
Subject: Law
ISSN: 1074-8105
Year: 1996
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Yes: the mission is over, but the agency lingers on
Article Abstract:
Congress should abolish the Securities and Exchange Commission because it is obsolete due to changes in the markets and in information technology. The SEC acts like any obsolete govt agency, inventing crises to justify its continued existence and to increase its bureaucratic reach. Market forces now generate the information the SEC was developed to mandate, and SEC rules discourage the dissemination of much data that companies want to release and investors want to see.
Publication Name: ABA Journal
Subject: Law
ISSN: 0747-0088
Year: 1995
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